“ As I said earlier, the worst appears to be over. We are clawing out of the woods of recession in weeks from now, “ the minister said.

Mohammed said that the Buhari administration and collective will of Nigerians had shamed doomsday prediction that our recession could worsen into a depression.

“ I hope, in our various media, we shall begin to focus more on the positive developments in our economy, the growth in agriculture and mineral development, since the NBS last year, let out the secret that the Nigerian economy recorded a negative growth in the first quarter of 2016, “ he said.

The minister said that recession was not peculiar to the country.

He said that the United States of America had experienced 47 recessions, some regressing into depressions.